January 2020
THE “MYSTERIOUS” INCREASE IN THIS YEAR’S DEFICIT
As it turns out the increase in the deficit this yea to $26 billion is not that mysterious. It is in fact largely the result of spending and tax policy changes this year and last year. Without these policy actions the deficit would have been about $11 billion this year, $3 billion lower than last year.
Read MoreFiscal Monitor for April – October 201
The federal government posted a deficit of $3.3 billion in October 2019, compared to a deficit of $1.1 billion October 2018.
